Not at all surprised to see them almost able to fully fund the...

Not at all surprised to see them almost able to fully fund the entire project with debt.


There will be some sort of capital raising, however, it will be fairly small, my guess $50-60m AUD.
That will ensure they have enough to keep drilling like crazy, plus have a good buffer for the ramp up period.

For those that might think $50-60m is a lot, just take a look at RED5.... they have raised an insane about of cash.. and still took on debt and also took on very poorly priced hedging.